Contribution Limits & Deadlines
The contribution rules for self-directed IRAs are the same as the rules for IRAs that hold exchange-traded assets. Use the table below to determine your contribution deadline and limits.
|Account / Contribution Type||Contribution Deadline||Year||Contribution Limit||Catch-up (50 years+) Contribution Limit|
|Traditional & Roth IRA contribution||April 15*||2019||$6,000||$1,000|
|SEP IRA contribution||SEP contributions must be made by the tax-filing deadline, which is the last day of the company's fiscal year. (All SEP contributions are reported in the year during which contributions were made)||2019||$56,000**||N/A|
|Solo(k) employee deferral contribution||
The deadline for having a deferral contribution taken is the Employer tax filing deadline plus any extensions. The deposit deadline of such contribution is determined by DOL and IRS regulations.
|SIMPLE IRA contribution||Employer must contribute deferrals within 30 days after the end of the month when the employee would have received them in cash||2019||$13,000||$3,000|
|Coverdell ESA contribution||April 15||2019||$2,000||N/A|
*With certain exceptions for weekends and holidays, the April 15 deadline for filing your federal income tax is also the deadline to make your final traditional IRA and Roth IRA contributions. Tax-filing extensions do not apply to traditional IRA or Roth IRA contributions. As with your tax return, the IRS honors the postmark date; therefore, if you mail your contribution by April 15, you will meet the deadline.
**Lesser of $57,000 or 25% of compensation up to compensation limit of $285,000. All SEP contributions are reported during the year in which contributions are made.
***Total Employer and Employee contributions may not exceed $57,000. For more information see the IRS website page on one-participant 401(k) plans